Nearly 10 million adult children over the age of 50 care for their aging parents, at an average cost of $324,044 in lost wages and Social Security benefits for women and $283,716 for men, according to a new study from MetLife, the National Alliance for Caregiving and New York Medical College.
These extra costs for caregiving are especially troubling because they come just when boomers need to be saving for their own old age.
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